PAVITRA CRUZ SISTERS ASSOCIATION,AMBIKAPUR vs. INCOME TAX OFFICER, AMBIKAPUR
In the result, the appeal of assessee is allowed
ITA 8/RPR/2018[2014-15]Status: DisposedITAT Raipur17 Oct 2022AY 2014-15
Bench: Shri Ravish Sood, Jm & Shri Arun Khodpia, Am आयकर अऩीऱ सं./Ita No.08/Rpr/2018 (ननधाारण वषा / Assessment Year :2014-2015) Pavitra Cruz Sisters Association, Vs Ito, Ambikapur Holy Cross Institute, Manendragarh Road, Ambikapur (C.G.) Pan No. : Aaaap 0283 H (अऩीऱाथी /Appellant) (प्रत्यथी / Respondent) ..
For Appellant: Shri Kishore M. Deshpandey, CAFor Respondent: Shri G.N.Singh, Sr. DR
Section 10Section 11Section 12ASection 143(3)Section 2(15)
193/-
Sale
:
Rs. 5,97,39,793/-
Profit
:
Rs.2,80,04,600/-
3. The AO found that the sale/purchase of medicine, though a charitable activity of general public utility, is hit by the proviso to section 2(15) of the act as the receipts from this are more than Rs 25 lacs.
Therefore, the AO asked the assessee to explain